Croda International Plc CRDA

[TheMotorcycleBoy]

Hi folks,

Have any of you, got any views on Croda? Do they comprise an economic moat?

They certainly seem to have a diverse range of products:

Adhesives
Agrochemicals
Automotive & Transport
Beauty & Personal Care
Buildings & Construction
Dietary Supplements
Electronics & Devices

Energy, Resources & Renewables
Food Ingredients
Furniture & Wood
Household, Industrial & Institutional Cleaning
Lubricants
Oleochemicals
Packaging, Print & Paper

Paints & Coatings
Pharmaceuticals
Phase Change Materials & Thermal Management
Polymers & Additives
Skin Health
Textiles, Nonwovens & Tissues
Water Treatment

So what do you all think?

thanks Matt

[WickedLester]

I don't know about a moat, but they look very highly rated to me. I think personally i'd wait to see if they can be bought any more cheaply.

[TheMotorcycleBoy]

I don't know about a moat, but they look very highly rated to me. I think personally i'd wait to see if they can be bought any more cheaply.

Yeah, me too. I'm in the research stage now - they do look like an interesting firm. I'm just in the process of trying to pick up articles about them online.

In terms of "moats", I'm wondering how people think they compare to the likes of Unilever (ULVR) and Diageo (DGE).

FWIW I took a look at their share price history over the year. Apart from a massive drop in the first part of Oct. (which they seem to be recovering from) they seemed to have a fairly stable gradually rising market value (surely this is an empirical measure of "moatness") - arguably more so than the likes of ULVR and DGE.

Matt

[doug2500]

One of my biggest mistakes was croda.

In my early days I did a sterling job of buying croda, then I sold it for 748p (2009) and a 22% profit. Just because I thought that was what you were meant to do.

It would now be a 7 bagger in 10 years if I'd held.

Genius.

[monabri]

PDMR buys and sells...mostly sells by the look of it!

Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
14. Nov 18 Sell Maarten Heybroek Individual 13. Nov 18 13. Nov 18 -2,000 £48.30 £-96,600
04. Oct 18 Sell Nicholas Challoner Individual 04. Oct 18 04. Oct 18 -3,147 £51.82 £-163,085
06. Sep 18 Buy Thomas Brophy Individual 06. Sep 18 06. Sep 18 55 £50.21 £2,761
07. Aug 18 Buy Thomas Brophy Individual 07. Aug 18 07. Aug 18 827 £51.72 £42,772
31. Jul 18 Sell Thomas Brophy Individual 27. Jul 18 27. Jul 18 -830 £51.29 £-42,574
25. Jul 18 Sell Graham Myers Individual 25. Jul 18 25. Jul 18 -300 £48.97 £-14,690
25. Jul 18 Buy Graham Myers Individual 25. Jul 18 25. Jul 18 300 £48.97 £14,692
21. Jun 18 Sell Graham Myers Individual 20. Jun 18 20. Jun 18 -450 £48.49 £-21,821
21. Jun 18 Buy Graham Myers Individual 20. Jun 18 20. Jun 18 450 £48.48 £21,814
25. May 18 Sell Nicholas Challoner Individual 23. May 18 23. May 18 -3,675 £47.40 £-174,195
12. Mar 18 Sell Maarten Heybroek Individual 12. Mar 18 12. Mar 18 -1,502 £46.45 £-69,768
28. Mar 18 Sell Keith Layden Individual 08. May 17 08. May 17 -5,657 £38.35 £-216,946
08. Mar 18 Buy Graham Myers Individual 05. Mar 18 05. Mar 18 90 £44.87 £4,038
21. Mar 18 Sell Stuart Arnott Individual 19. Mar 18 20. Mar 18 -1,722 £45.67 £-78,535
22. Mar 18 Sell Sandra Breene Individual 22. Mar 18 22. Mar 18 -831 £45.46 £-37,777
08. Mar 18 Sell Graham Myers Individual 05. Mar 18 05. Mar 18 -184 £44.84 £-8,246

[TheMotorcycleBoy]

PDMR buys and sells...mostly sells by the look of it!

Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
14. Nov 18 Sell Maarten Heybroek Individual 13. Nov 18 13. Nov 18 -2,000 £48.30 £-96,600
04. Oct 18 Sell Nicholas Challoner Individual 04. Oct 18 04. Oct 18 -3,147 £51.82 £-163,085
06. Sep 18 Buy Thomas Brophy Individual 06. Sep 18 06. Sep 18 55 £50.21 £2,761
07. Aug 18 Buy Thomas Brophy Individual 07. Aug 18 07. Aug 18 827 £51.72 £42,772
31. Jul 18 Sell Thomas Brophy Individual 27. Jul 18 27. Jul 18 -830 £51.29 £-42,574
25. Jul 18 Sell Graham Myers Individual 25. Jul 18 25. Jul 18 -300 £48.97 £-14,690
25. Jul 18 Buy Graham Myers Individual 25. Jul 18 25. Jul 18 300 £48.97 £14,692
21. Jun 18 Sell Graham Myers Individual 20. Jun 18 20. Jun 18 -450 £48.49 £-21,821
21. Jun 18 Buy Graham Myers Individual 20. Jun 18 20. Jun 18 450 £48.48 £21,814
25. May 18 Sell Nicholas Challoner Individual 23. May 18 23. May 18 -3,675 £47.40 £-174,195
12. Mar 18 Sell Maarten Heybroek Individual 12. Mar 18 12. Mar 18 -1,502 £46.45 £-69,768
28. Mar 18 Sell Keith Layden Individual 08. May 17 08. May 17 -5,657 £38.35 £-216,946
08. Mar 18 Buy Graham Myers Individual 05. Mar 18 05. Mar 18 90 £44.87 £4,038
21. Mar 18 Sell Stuart Arnott Individual 19. Mar 18 20. Mar 18 -1,722 £45.67 £-78,535
22. Mar 18 Sell Sandra Breene Individual 22. Mar 18 22. Mar 18 -831 £45.46 £-37,777
08. Mar 18 Sell Graham Myers Individual 05. Mar 18 05. Mar 18 -184 £44.84 £-8,246

If those sells make the price drop, and Croda is still a good investment, then I'm not too worried by them.

I'm not rushing out to buy it, and I'm still doing more research. But it's price history over the year illustrates that it held it's ground, excepting the fall in early Oct. when, let's face it, almost the entirety of the footsie suffered.

Matt